PHILADELPHIA--(BUSINESS WIRE)--ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, today announced that it has expanded its suite of environmental liability insurance products to meet the unique exposures of U.S. multinational organizations with global locations. This coverage, available for ACE USA’s environmental clients, enables domestic and international exposures to be covered through a matrix of admitted and non-admitted policies around the world to protect multinational companies from environmental liability risks and exposures.
The Global Environmental Policy offered through ACE USA provides a broad range of environmental liability coverage benefits for stakeholders in residential, commercial and industrial facilities. This policy applies to environmental claims not only in the U.S., but anywhere in the world where non-admitted coverage is allowed. In the event non-U.S. coverage is needed, the company can access its global network of local underwriters.
“As the environmental regulatory and legal landscape is becoming more sophisticated around the globe, multinationals are adding environmental insurance to their portfolios. The challenges and complexities of placing this coverage outside the U.S. is daunting even for sophisticated risk managers. ACE USA’s expanded environmental insurance programs respond to requests for coverage in jurisdictions outside the U.S.,” said William Hazelton, Senior Vice President, ACE Environmental Risk.
David Brosnan, President of ACE Casualty Risk added, “The rise in the number of U.S.-based companies going global creates tremendous opportunities in the marketplace, as well as a more volatile and risky environment. Working with ACE provides access to a powerful global network of affiliated companies and non-affiliated network partners located throughout the world. As a leader in providing innovative risk management solutions, we’re pleased to assist our clients with access to environmental policies in countries where local jurisdictions require local coverage.”
Key Features of ACE USA’s Global Environmental Program:*
ACE Environmental Risk, a division of ACE USA, offers a full range of environmental liability solutions designed to minimize bottom line impacts and provide hands-on management for those liabilities. ACE’s environmental liability offerings include premises pollution liability, contractor’s pollution liability, and remediation cost containment programs. These programs are primarily distributed through the retail brokerage community to the commercial market.
To learn more about ACE Environmental Risk’s products and services, please visitwww.aceenvironmentalrisk.com. *Product highlights are summaries only; please see actual policy for terms and conditions. Products may not be available in all locations.
ACE USA is the U.S.-based retail operating division of the ACE Group of Companies, headed by ACE Limited (NYSE:ACE), and is rated A+ (Superior) by A.M. Best Company and A+ (Strong) by Standard & Poor’s. ACE USA, through its underwriting companies, provides insurance products and services throughout the U.S. Additional information on ACE USA and its products and services can be found at www.ace-ina.com. The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients around the world.